Shri Jitendra Srivastava, IAS, has assumed charge as Chairman & Managing Director (CMD) of REC Limited on 22nd April 2025. On 18th April 2025, the Appointments Committee of the Cabinet (ACC) appointed Shri Srivastava, who is an IAS from Bihar Cadre (2000 Batch), as the CMD of REC. This appointment has been made in the rank and...
Tag: REC Limited
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REC Limited Signs MoU with MMRDA for â¹1 Lakh Crore Investment in Mumbai Metropolitan Region (MMR)
REC Limited, a Maharatna CPSU under the Ministry of Power and a prominent NBFC, has entered into a Memorandum of Understanding (MoU) with the Mumbai Metropolitan Region Development Authority (MMRDA) to provide financial support of â¹1 lakh crore for infrastructure development in the Mumbai Metropolitan Region (MMR). The agreement was formally signed by Shri. Harsh...
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REC Signs â¹18,360 Cr MoU with Govt. of Kerala for Pump Storage Projects
REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed an MoU with the Energy Management Centre (EMC), Government of Kerala, for collaboration and financing of Pumped Storage Projects (PSP) in Kerala. The MoU was signed during the Global Green Hydrogen & Renewable Energy Summit 2025. Under this agreement,...
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REC Limited Signs Agreement with CVPPL, to provide â¹2147.508 Crore Term Loan to Develop 1000MW Pakal Dul Hydro Electric Project
REC Limited, a Maharatna CPSE and a leading NBFC under the Ministry of Power, has signed an agreement with Chenab Valley Power Project Limited (CVPPL) to provide a term loan of â¹2147.508 crore (Rupees Two Thousand One Hundred Forty-Seven Crore & Fifty Lakh Eighty Thousand only). The loan will be utilized for the development and...
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REC Declares 3rd Interim Dividend of â¹4.30 per share; Net Profit up 23% to â¹4,029 crore
Delhi, February 06, 2025: The Board of Directors of REC Limited, today approved the limited reviewed standalone and consolidated financial results for the period ended December 31, 2024. Operational and Financial Highlights: Q3 FY25 vs Q3 FY24 (Standalone) – Net Profit: â¹4,029 crore Vs â¹3,269 crore, up by 23% – Net interest income: â¹4,930 crore...
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REC Limited Commits â¹8.44Crore Under CSR to support 1MW solar photovoltaic power plant in the Gandhigram Rural Institute, Tamil Nadu
REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with the Gandhigram Rural Institute under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of â¹8.44Cr. for establishing 1MW multitechnology ground mounted, grid connected solar photovoltaic power plant for the benefit...
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REC Commits â¹2.01 Cr Under CSR to Support Procurement of Health Equipments in Raipur, Chhattisgarh
REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with the District Health Society (DHS) Raipur under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of â¹2.01 crore for the procurement of health equipment for three Community Health Centres (CHC)...
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REC Limited Commits Rs. 2.92 Crore Under CSR to Enhance ITBP Medical Infrastructure
REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with Indo-Tibetan Border Police (ITBP) under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of Rs. 2.92 Cr. for the procurement of medical equipment/items in the field hospitals of ITBP (Indo-Tibetan...